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Old 09-15-2009, 10:24 PM
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What is revealing is not the rate increases themselves, but the reasons given.

Oregon, like many states, is facing double digit increases in health insurance costs this year. The glaring abnormality however, is not the increases themselves, but the reasons given for the inflation. From the explanations it is fairly obvious that competition and the free market are not "alive and well" in the medical insurance industry.


The health insurance system that is in place at present was not created out of the market and does not respond to market forces. Instead, the health insurance industry is the market. They do not look to their fellow firms to come to grips with competitive pricing. They instead decide what price will attain the greatest revenue. They search for the combination of the highest premium factored by the number of clients that will tolerate that premium, standard monopoly behavior. When it has come to the point that they can admit publicly to raising prices in response to losing clients, it is very late in the game.
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Old 09-15-2009, 10:28 PM
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Correct link.... Oregon Experiences Double Digit Health Insurance Rate Increases.
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